How is the credit system today structured?

The credit system today is primarily structured to accommodate unstable employment. This design reflects the reality of many consumers who experience varying levels of job security and income stability. Lenders have adapted their approaches to credit as a response to a workforce that may face layoffs, seasonal work, or part-time employment situations.

By accommodating unstable employment, the credit system enables individuals to access funds even when their income isn't consistent. This flexibility can help consumers manage financial responsibilities during periods of unemployment or underemployment, ensuring that credit remains available to those who might otherwise struggle to meet traditional lending criteria.

Other aspects, such as promoting low-interest rates or eliminating debt, are not the main focus of the current credit system structure. Instead, the emphasis is on enabling individuals to navigate their financial situations despite uncertainties in employment, demonstrating the credit system's role in providing a safety net for consumers in a variable job market.